Stock Prices Of Companies Research Articles

THE IMPACT OF THE ALTMAN SCORE ON THE ENERGY SECTOR COMPANIES

The financial literature regarding bankruptcy prediction models includes the application of several statistical tools which have progressively become accessible. This paper explores the impact of the Altman score on the stock prices of the Romanian companies listed on the Bucharest Stock Exchange during the period 2014-2022. The Altman score is calculated based on the annual reports of the analyzed companies collected from the Bloomberg database, while the stock exchange prices are collected from the Euromonitor database. The methodology used in the analysis is panel regression realized with the Generalized Method of Movements technique. The data is processed using the EViews software. This research study shows that there is a negative correlation between the Altman Z score and the companies’ share price. In terms of theoretical contribution, this study investigates one of the bankruptcy prediction models that is used more often than other models, namely the Altman Z-Score.

The impact of Credit Suisse takeover on Indian banking and financial services sector stocks: an event study analysis

PurposeThe present study aims to comprehensively examine the impact of the Union Bank of Switzerland (UBS) takeover of Credit Suisse on the banking and financial services sector in the Indian stock market. To fully comprehend the impact of the event, the study separately investigates the response of private sector banks, public sector banks, overall banking companies and financial services companies to the takeover of the second-largest financial institution in Switzerland.Design/methodology/approachThe study employs event study methodology, using the market model, to analyze the event's impact on Indian banking and financial services sector stocks. The data consists of daily closing prices of companies included in the Nifty Private Bank Index, Nifty PSU Bank Index, Nifty Bank Index and Nifty Financial Services Index from the National Stock Exchange (NSE). Furthermore, cross-sectional regression analysis has been conducted to explore the factors that drive abnormal returns.FindingsThe empirical findings of the study suggest the event had a heterogeneous impact on the stock prices of Indian banks and financial services companies. While public sector banks experienced a significant negative impact on select days within the event window, the overall Indian banking sector and financial services companies also witnessed notable declines. In contrast, Indian private sector banks were relatively resilient, exhibiting minimal effects. However, the cumulative effect is found to be insignificant for all four categories across different event windows. The study also observed that the cumulative abnormal returns (CARs) were significantly influenced by certain variables during different event windows.Originality/valueTo the best of the authors' knowledge, the present study is the earliest attempt that investigates the impact of the UBS takeover of Credit Suisse on the Indian banking and financial services sector using event study methodology and cross-sectional regression model.

Analysis of Start-Up Share Valuation on the Indonesia Stock Exchange for the 2017-2022 Period Using the DFC GMV and Tobins'q Methods

The phenomenon of the proliferation of startup companies in Indonesia that cannot be separated from the use of digital technology brings a fragrant aroma to venture capital investment companies. The number of startup companies that received the investment funds are bringing them to the Indonesian Stock Exchange by conducting an IPO even though the company has not been established for a long time. There is a correlation between the rapid growth of startups in Indonesia with "bubble.com" the phenomenon that occurred in Silicon Valley between the years 1999 and 2000. The surge in assets of startup companies is currently caused by stock valuation, which is based on a single valuation, without assessing assets, cash flows, or other aspects that affect the valuation value of a company. Recently, the stock price of startup companies began to fall, and is considered the same as the phenomenon "bubble.com" another indication is that there are mass layoffs of company employees; this condition also occurs in Silicon Valley. In this case, it is necessary to conduct an intrinsic assessment of startup shares empirically and in accordance with applicable valuation standards to see the condition of the company as a whole. The valuation methods used in this study are Gross Merchandise Value, Discounted Cash Flow and Tobins'q, it is expected that these three methods can represent the valuation analysis of the company so that investors know the intrinsic value of startup companies and are expected not to be Overvalued.

PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING PADAPERUSAHAAN FARMASI YANG TERDAFTAR DI BEI

Pharmaceutical companies are companies whose production focuses on medicines and health The value of a company can basically be measured in several ways, one of which is the company's stock price. The purpose of this study was to determine the significance of the effect of Liquidity and Profitability on Firm Value of Dividend Policy. This research uses descriptive and quantitative research The population in this study are 12 pharmaceutical sector companies listed on the Indonesia Stock Exchange for the 2018-2021 period The sampling technique in this study used a purposive sampling technique. Data analysis and hypothesis testing in this study used the Structural Equation Model-Partial Least Square (PLS-SEM)
 The results of the direct influence hypothesis test using the Smart PLS 3.0 application, show that Liquidity has a negative but significant effect on Dividend Policy, Profitability has a positive but not significant effect on Dividend Policy, Liquidity has a significant positive effect on Company Value, Profitability has a significant positive effect on Company Value, Profitability has an effect positive but not significant to company value. The results of the indirect influence hypothesis test show that the variable Liquidity on Dividend Policy through Company Value has a positive but not significant effect, Profitability on Dividend Policy through Company Value has a negative but not significant effect.

Pengaruh Kinerja Keuangan Terhadap Harga Saham Pada Perusahaan Propertydan Real Estate Yang Terdaftar Di Bursa Efek Indonesia

Property and real estate is a sector that has an important role in the economy in Indonesia. The purpose of this study is to determine the effect of the variables on profitability, leverage, and market ratio on stock prices in property and real estate companies listed on the Indonesia Stock Exchange (IDX). The population of this study are property and real estate companies listed on the Indonesia Stock Exchange (IDX), totaling 80 companies. The sampling technique chosen was by using a purposive sampling technique so that a sample of 50 companies was obtained. The data analysis method used is multiple linear regression analysis with the Statistical Package for the Social Sciences (SPSS) program. The results of the study show that a) Profitability has a significant positive effect on stock prices b) Leverage has no significant or negative effect on stock prices c) Market Ratio has a significant positive effect on changes in stock prices.
 Keywords: Stock Price, Profitability, Leverage, and Market Ratio

Pengaruh ROA, ROE, NPM, Dan EPS Terhadap Harga Saham Pada Perusahaan Makanan Dan Minuman Yang Tercatat Pada Bursa Efek Indonesia Tahun 2019-2021

The purpose of this study was to determine the effect of roa, roe, npm, and eps on stock prices in food and beverage companies listed on the Indonesia Stock Exchange in 2019-2021. This study uses quantitative research methods. For the data to be studied using the purpose sampling technique with the data source used is secondary data. The population used in this study is a food and beverage sub-sector company listed on the Indonesia Stock Exchange in the period 2019 to 2021. The results of this study are 1) ROA has no effect on stock prices in food and beverage sub-sector companies listed on the Indonesia Stock Exchange in 2019-2021. 2) ROE has no effect on stock prices in food and beverage subsector companies listed on the Indonesia Stock Exchange in 2019-2021. 3) NPM has no effect on stock prices in food and beverage subsector companies listed on the Indonesia Stock Exchange in 2019-2021. 4) EPS has no effect on stock prices in food and beverage subsector companies listed on the Indonesia Stock Exchange in 2019-2021.

Analysis of cash flow from operating activities, cash flow from investing activities, cash flow from financing activities, gross profit margin, and earnings per share on the stock price

Our research aims to analyze whether operating cash flow, investment cash flow, financing cash flow, Gross Profit Margin, and Earnings Per Share have an impact on stock prices. Our research falls under quantitative research. The sampling was conducted using purposive sampling, resulting in 19 companies that fit the category. The hypothesis was tested using multiple linear regression. The research findings present various results. Therefore, the conclusion from the research is that operating cash flow and investment cash flow have a significant and insignificant impact on the stock prices of food and beverage companies, while financing cash flow, Gross Profit Margin, and Earnings Per Share do not have a significant impact on the stock prices of food and beverage companies.

Changes in Cisco Stock Prices under the Uncertain Interest Rate Policy: Based on ARIMA Model

As The Federal Reserve System (Fed) raised the interest rate for 6 times from March 15th until December. The consecutively raise of interest rate by 75 basis points each time throughout the year for 4 times has reached the maximum extent comparing to the past 40 years. Fed interest rate hike not only has impacts on the United States economics, but also bringing different effects globally. As a result, stock price of companies can change accordingly to the interest rate hike. Cisco, as a multinational cooperation technology company first founded in America, is chosen to be analyzed. The data of Cisco stock (CSCO) price from 2021 March to 2022 March is extracted and ARIMA model is used for forecasting stock price in the time series. The study account for the difference between values forecasted by ARIMA and the actual values, and thus observe the impact of Fed interest rate hike on Cisco stock price, further explanations related to the difference. The Fed interest rate hike result in decrease in Cisco stock price.

Analysis of the Effect of Return on Assets (ROA) and Current Ratio (CR), on Stock Prices with Earnings Per Share (EPS) as a Moderation Variable (On the Mining Sector on the IDX 2020- 2022)

In the investment world, investment decisions are important in determining future investment success. In capital market activities, stock prices are a very important factor and need to be considered by investors because stock prices show the performance of the issuer. One of them is a mining company in Indonesia. The stock price also shows the value of the company, with the higher the stock price of a company, the higher the value of the company and vice versa. Return On Assets (ROA) is a ratio of profitability that shows the result (return) on the total assets used in the Company. The current ratio (CR) is a liquidity ratio that compares the company's current assets with the company's current liabilities. Earnings per share (EPS) is an important indicator in fundamental stock analysis, which describes how much profit a company generates for each share owned by an investor. This study uses regression analysis which aims to determine the effect of variable performance, at least in terms of ROA, does not affect the value of the company's shares in the time period studied. The Current Ratio (CR) also does not affect the share price of mining companies on the Indonesia Stock Exchange in the 2020–2022 period. This means that the company's liquidity level as measured by CR does not significantly affect the company's share price in the market. In the mining industry listed on the Indonesia Stock Exchange in the 2020–2022 period, earnings per share (EPS) does not affect the effect of Return On Assets (ROA) on stock prices. In other words, a change in a company's EPS does not change how ROA affects its share price. Earning Per Share (EPS) is also not able to moderate the influence of the Current Ratio (CR) on share prices in the mining industry which are listed on the Indonesia Stock Exchange in the 2020–2022 period. This means that a change in a company's EPS does not change the way CR affects the company's stock price.

Investigation on the Factors Influencing Stock Prices

This article focuses on the impact of financial data of some companies that can be found from financial websites n the company's stock price. This is because investors always lack trust in financial analysts because they are suspicious of their motives. Therefore, this article discusses the impact of some financial data on stock prices in addition to the traditional models such as dividends, ROE and other factors. For example, profit, solvency, forward P/E ratio, etc. The intention is to help external investors to judge the change of stock price more accurately by using basic financial data. This will ensure their interest as much as possible.

Did Feds Rate Policy Benefit U.S. Company: Evidence from Tesla

This paper studies the impact of the Federal Reserve's interest rate policy on American companies, taking Tesla as evidence. Data on the Tesla stock as well as the USD/RMB exchange rate for the previous year were gathered. The impact of a rising exchange rate on companies goes in two directions. On the one hand, the appreciation of the dollar means the depreciation of foreign operating income, and the depreciation of the domestic currency is bad for exports. On the other hand, it will affect how the stock market operates. An increase in dollar holdings in international financial markets would increase the demand for stocks, which would increase stock prices. The conclusion is that the Fed's interest rate policy to control inflation in the United States has, to some extent, come at the expense of stock market growth. The VAR model and ARMA-GARCH model were used to model and analyze the data, and forecast the trend of the company's stock price, then make recommendations for policymakers and investors. For policymakers, it is necessary to adjust the policy appropriately to minimize the volatility of stock market returns, and investors should turn to assets with lower risk instead of blindly investing.

Analysis of Financial Risk Avoidance in the Film and TV Industry Based on Big Data

While the film and television industries are rapidly expanding, the industry's financial risks are also increasing. Mergers and acquisitions of shell capital are common, star shareholders are on the rise, stock pledges are in trouble, company stock prices are falling, and tax evasion and avoidance issues are having a negative impact. The current financial risks that the film and television industries face necessitate the development of new development paths and operating methods. The case study object in this paper is A Pictures. First, we examine the current state of corporate financial risk research, the impact of the big data era on corporate financial risk research, and the current state of research on financial risk early warning models by scouring the literature. Second, we identify A Pictures' investment, financing, cash flow, and operational risks. This paper concludes that A Film has some financial issues, including weak short-term solvency, unreasonable capital structure, imprudent investment, excessive reliance on subsidiaries, low inventory turnover, high lousy debt rate, and fluctuating cash flow, based on the analysis. Based on the above analysis, this paper makes recommendations for A Pictures to broaden financing channels, realize diversified financing, strengthen investment project review, conduct scientific project evaluation, strictly control project contents, improve the enterprise's credit review system, and improve the enterprise's financial risk prevention and control system, among other things.

The Impact of International Oil Price Fluctuations on Chinas Stock Performance of Clean Energy Industry: Under the Russia-Ukraine Conflict

Crude oil is an important component of the global energy market, and its price fluctuations have a huge impact on the economy and the environment. As a large oil consumer, China has a great demand for non-renewable resources such as crude oil. With the sustainable and stable development of China's economy, its dependence on imported crude oil is deepening, and the impact of international crude oil price fluctuations on China's energy industry is also gradually deepening. In addition, with the impact of epidemic, geopolitical, environmental crisis and financial crisis in recent years, the international crude oil price has produced drastic fluctuations, so the study of the relationship between the international crude oil futures price fluctuations and the stock prices of clean energy companies is of great significance for the development of new energy industry and domestic energy security. This paper applies the VAR model to examine the links between Brent crude oil index, WTI crude oil index and Chinas Clean Energy Theme Index (CET), and the ARMA-GARCHX model to investigate the impact of international oil price on Chinas clean energy market after the Russia-Ukraine conflict. The empirical results show that international crude oil price fluctuation has a short-term alternating impact on Chinas clean energy theme index yield and provides useful insights to investors.

PENGARUH CURRENT RATIO, NET PROFIT MARGIN DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA PERUSAHAAN DI BURSA EFEK INDONESIA

The coal mining industry serves as an indicator to support the Indonesian economy. The increasing number of investors seeking to invest in the coal mining sector in the Indonesian Stock Exchange contributes to the country's economy through tax revenue generated from coal sales. Therefore, investors seek companies with good performance by analyzing financial statements and ratios that influence stock prices. The purpose of this research is to determine the influence of current ratio, net profit margin, and earning per share on stock prices in coal mining companies listed on the Indonesian Stock Exchange from 2018 to 2022. The research uses purposive sampling, resulting in 20 companies and financial reports for 5 periods that meet the criteria. The hypothesis testing using t-tests shows that current ratio (X1) has a negative and insignificant effect on stock prices (Y), net profit margin (X2) has a significant negative effect on stock prices (Y), and earning per share (X3) has a significant positive effect on stock prices (Y). Furthermore, the F-test indicates that the combined influence of current ratio, net profit margin, and earning per share significantly affect stock prices.

Studies of the relationship between international crude oil prices and stock prices of new energy companies and investor sentiment

This paper uses the daily data of the CSI Mainland New Energy Index, WTI crude oil price, and CSI 500 risk premium from January 2019 to September 2022 as samples to explore the interrelationship of the above variables using the Johansen cointegration test, Granger causality test, impulse response, and variance decomposition. The results show that in the short run, international crude oil price and risk premium have a significant effect on the share price of new energy companies; in the long run, global crude oil price cannot affect the share price of new energy companies, as well as international crude oil price and share price of new energy companies have a significant effect on the risk premium.

Research on the Correlation Between Company Performance and Its Share Price

This paper mainly explores the correlation between corporate performance and stock price returns in the Chinese stock market. Theoretically, the stock value of a highly profitable company would also increase accordingly. But due to the structure of A-share investors, the extent of this correlation is yet to be proven. In this study, stock returns are set as explained variables, and market index returns, corporate earnings growth rates and momentum are used as explained variables. This article uses the financial statements and stock price information of Chinese listed companies as data for modeling. The selected companies are from the food and beverage industry, the medical industry and the home appliance industry. Multiple linear regression analysis was used as the method of this paper. From the regression results, it is concluded that the market index plays a leading role in stock returns. The study indicates that there is a certain positive correlation between company performance and stock price returns to a certain extent, and the degree of correlation varies with industries. The momentum factor has a positive or no correlation with returns, depending on the industry. This deviates from the theoretical assumption that momentum is a negative factor.

Value Relevance of Accounting Information and Share Rate: A Study of Manufacturing Companies in Nigeria

This research work determined the impact of value relevance of accounting information on the stock price of manufacturing companies in Nigeria. More specifically, the study determines the impact of earnings per share and dividends on the stock price of Nigerian manufacturing companies. Ex post facto research and data were obtained from twenty audited annual reports and financial statements. This study used the ordinary least squares (OLS) estimation from 2012 to 2021 and covered ten years with the help of E-view 9.0 data analysis revealed that there is a positive insignificant relationship between stock dividends, earnings per share and stock price in the manufacturing sector in Nigeria.

PERILAKU DAN PENGARUH PENDIRI TERHADAP INFORMATIVITAS HARGA SAHAM: PERUSAHAAN PUBLIK KELUARGA DI INDONESIA

This study examines the relationship between founder as controller, age of founder, and dispersion of control on the informativeness of company stock prices. We argue that behavioral heterogeneity exists in family firms that are still majority owned and controlled by the founder. Using unbalanced panel data from 262 observations, first, this research finds support for the hypothesis that there is a convex relationship between founder voting rights and the informativeness of company stock prices. Second, older founders demonstrate more stewardship behavior than younger founders. Finally, high power dispersion in founding family firms creates agency conflicts between family owners that decrease the informativeness of firm stock prices. This finding is consistent with previous family business literature which reports that mixed behavior among family members can influence the informativeness of family company share prices.
 
 Keywords: Family Companies, Behavior Of Company Founders, Ownership Of Founders, Age Of Founders, Stock Price Informativeness

The Effect of RoA, Roe, and DeR on Stock Prices in Companies That Listed on the LQ-45 Indonesia Stock Exchange in the 2018-2020 Period

This study analyzes the effect of Return on Assets, Return on Equity, and Debt to Equity Ratio on stock prices in LQ-45 companies listed on the Indonesia Stock Exchange during the 2018-2020 period. The sample used consisted of 63 companies consisting of 21 companies from 45 companies listed in the LQ45 index during that period. The analytical tool used is multiple linear regression analysis with purposive sampling. The results of the study show that together, Return on Assets (ROA), Return on Equity (ROE), and Debt to Equity (DER) have a significant influence on stock prices. Partially ROA and ROE do not affect stock prices, while DER affects stock prices.

The effect of product market advertising on the risk of falling stock prices in companies listed on the Tehran Stock Exchange

Objective: This study aimed to investigate the effect of product market advertising on the risk of falling stock prices in companies listed on the Tehran Stock Exchange. Method: This research was of a descriptive type, and in terms of the purpose of the applied research, and in terms method of the descriptive-post-event research method. The statistical population consisted of managers and experts of companies admitted to the Tehran Stock Exchange, 73 companies were selected as the research sample during the 5 years of 2018-2022 by systematic elimination method. In order to collect the required information, the research was based on the library data collection method. The research data has been collected from the published reports of the documents and documents by the companies admitted to the stock exchange by Rahavard Novin software. In order to analyze the data, descriptive and inferential statistics methods were used with EXCEL, SPSS, and EVIEWS software. Results: The results showed that product market advertising affects the risk of falling stock prices in companies listed on the Tehran Stock Exchange. Also, the results showed that advertising costs, advertising intensity and advertising compression affect the risk of falling stock prices in companies listed on the Tehran Stock Exchange. Conclusion: The results indicate that the research model is well-fitted and has a good meaning. Investors and stock market players should consider product market advertising as a factor influencing the risk of falling stock prices in order to make correct decisions.